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I am trying to purchase a property with owner financing. Hypothetically the seller owes $85,000 to the bank and the property is worth $110,000. He has agreed to seller finance the property for 3 years. I am trying to ...
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Hi, I got around 19k seller's credit for a house of 775k. I have 2 offers from lenders:1. from private lender which allows me to buydown interest rate (I can do 1-1 buydown) and rest money will be used towards closing...
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Started using Xero last year, as better bookkeeping was needed a new acquisition with a partner. Previously I'd always used Stessa, which has a great Net Cash Flow statement view, breaking down the usual income/expen...
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Hi All,
I'm in the Beaverton, area and have been sending out direct mail the past few months. I've been searching for deals to either a) wholesale b) rehab with a partner or c) acquire as a rental if seller financing...
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Saw this over at MMM and thought this would be of interest to any live-in flippers expecting to have their capital gains shielded from taxation when they sell...It seems the House tax plan would redefine "principal re...
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No she didnt want to rent it . She was calling to verify a tenant that wants to enroll their children ( this house is in a very sought after school district ) . She asks if I am the owner and what my personal addres...
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Has anyone acquire a HELOC, where the payments during the draw period were principal plus interest?Where I am worried about is having a high minimum monthly payment after I, lets say, purchase a $100,000 SFH all cash....
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We're looking into conventional mortgages for rental properties. Our business strategy is to buy 2-3 per year, and have them be paid off through rental income in 10-15 years max. Meanwhile we'll rehab and sell as many...
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My grandfather is an old school investor all his rentals are paid for. He always said that 2 months should pay for taxes insurance repairs for the year and 10 months should be profit. Is this a real thing has anybody ...